NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025. SO WHAT: If you purchased MGPI common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI’s business, operations, and prospects. Specifically, defendants repeatedly touted a strong demand and “normal” inventory levels in brown goods (i.e., American whiskies and tequila), when in fact there had been a slowdown in consumption and oversupply in their products. Worse, defendants had assured investors that they were positioned differently than their competitors, and that this was a non-issue, because MGPI had already taken steps to mitigate the risk, when in fact it had not. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.comEnviri’s ALTEK to Join REAL ALLOY’s US Department of Energy Zero-Waste Recycling Project
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TikTok's breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China. In Washington, the platform has been accused of espionage. The European Union suspects it was used to sway Romania's presidential election in favour of a far-right candidate. And now Albania has banned it for a year, Prime Minister Edi Rama calling it the "thug of the neigbourhood". Here are the main controversies surrounding the TikTok. Albanian Prime Minister Edi Rama said Saturday the government would shut down social network TikTok for at least a year from 2025. The move came less than a month after a 14-year-old student was killed and another injured in a fight near a school in Tirana. The fight had developed from an online confrontation on social media. The EU is probing whether far-right presidential candidate Calin Georgescu's surprise victory in the first round of Romania's presidential election was aided by Russian meddling and "preferential treatment" by TikTok. It is the third investigation the commission has launched against TikTok, which risks fines of up to six percent of its global turnover. The platform said it had taken "robust actions" to tackle election-related misinformation. Russia has denied interfering in the vote. The United States in April passed a law obliging TikTok's Chinese owner ByteDance to sell off the platform by January 19 on the grounds it allowed China to access data on US users. If not, the platform would be banned in the United States denying TikTok its claimed 170 million users in the countries. TikTok admitted ByteDance employees in China had accessed Americans' data but it has denied giving data to the Chinese authorities. To protect data, the US government, the European Commission and Britain's government had already banned TikTok from their employees' work devices in 2023. TikTok was among the many platforms targeted by a landmark law passed in Australia in November banning under-16s from accessing social media. Social media firms that fail to comply with the law face fines of up to Aus$50 million for "systemic breaches". TikTok said it was "disappointed" by the Australian legislation, claiming it could push young people to the "darker corners of the internet". Nearly a third of TikTok users are between 10 and 19 years old, according to the Wallaroo agency. In August, the company, under pressure from EU regulators, was forced to ditch a feature in its TikTok Lite spinoff in France and Spain rewarding users for time spent in front of their screens. In that rewards programme, users aged 18 and over could earn points to exchange for goods like vouchers or gift cards by liking and watching videos. It was accused by the EU of potentially having "very addictive consequences". TikTok's editing features and powerful algorithm have kept it ahead of the game, attracting an army of creators and influencers as well as creating many of its own. TikTok and ByteDance employees also manually increase the number of views on certain content, according to a report in Forbes. TikTok has said manual promotion only affects a tiny fraction of recommended videos. The app is regularly accused of putting users in danger with the spread of hazardous "challenge" videos. Several children have reportedly died while trying to replicate the so-called blackout challenge, which involves users holding their breath until they pass out. And around one-fifth of videos on topical issues such as the Russian invasion of Ukraine were found to be fake or misleading in a study by misinformation group NewsGuard. AFP, along with more than a dozen fact-checking organisations, is paid by TikTok in several countries in Asia and Oceania, Europe, the Middle East and Spanish-speaking Latin America to verify for internal moderation videos that potentially contain false information. The videos are removed by TikTok if the information is shown to be false by AFP teams. jub-jj/giv GOOGLE Meta ORACLE BuzzFeed This article was generated from an automated news agency feed without modifications to text.The University of Delaware has agreed to pay more than $700,000 to settle claims that it failed to disclose a professor’s ties to China when accepting a grant from NASA. The settlement was announced Monday by the Department of Justice. “Federal law requires universities, institutions, and researchers to make disclosures, including certain foreign affiliations, when applying for grants so that the granting agencies can assess whether to fund their research and development,” U.S. Attorney David Weiss said. “My office will hold accountable applicants who undermine the integrity of the federal grant process by knowingly failing to submit complete and truthful applications.” According to the settlement agreement, in 2020, UD accepted a grant from NASA, which is prohibited from using funds to collaborate with China or any Chinese-owned companies. While accepting the grant, UD certified that the money would not be used to collaborate or coordinate with China. However, the government later learned that one of lead professors associated with the grant, Xiao-Hai Yan, did in fact have ties to China. Yan is a faculty member at Xiamen University in China, received funding from the National Science Foundation of China and participates in a program established by the Chinese government to recruit individuals with knowledge or access to foreign technology intellectual property, according to the settlement. The settlement does not constitute an admission of liability by UD, nor does it prevent the government from pursuing criminal charges against any parties involved. “Along with our law enforcement partners, we will continue to safeguard taxpayer funds that are intended for federal research and development programs,” said Adelle Harris, a special agent in charge for the NASA inspector general. Yan has been a UD professor since 1990. He teaches in the School of Marine Science and Policy and serves as director of the Center for Remote Sensing. According to a profile of Yan on UD’s marketing website, he is “internationally known for using satellites in tracking the notorious weathermaker El Niño and in developing new techniques for monitoring global climate change and coastal responses.” In 2019, he received the Outstanding Doctoral Graduate Advising and Mentoring Award from UD President Dennis Assanis. The article also praises Yan for playing “an integral role in the university’s efforts to improve and expand the intellectual exchange between UD and Xiamen University” — the Chinese university that UD failed to disclose Yan’s involvement with while accepting the NASA grant. In a statement to media outlets, the university said it “relies, in part, on the candor and complete disclosures of individuals involved in the grant process. As noted in the release, this settlement is not an admission of wrongdoing by the University, but rather a strategic decision to avoid costly and distracting litigation.”
Marshall withdraws from Independence Bowl matchup against ArmyLeo Colimerio scores 27 to help Queens University hold off Gardner-Webb 85-83
HUNTINGTON, W.V. (AP) — Marshall has withdrawn from the Independence Bowl after a coaching change resulted in much of its roster jumping into the transfer portal. The Thundering Herd were slated to play Army on Dec. 28 in Shreveport, Louisiana. But the and announced on Saturday that the Bulldogs will take on the 19th-ranked Black Knights instead. Marshall said it pulled out “after falling below the roster minimum that was deemed medically safe.” The Herd (10-3) beat Louisiana-Lafayette 31-3 last weekend to win the for the first time. The program has won seven games in a row in the same season for the first time since 2020. “We apologize for the nature and timing of this announcement and for the turmoil it has brought to bowl season preparations for Army, the Radiance Technologies Independence Bowl, the American Athletic Conference and ESPN,” Sun Belt Commissioner Keith Gill said in a statement. Coach Charles Huff left Marshall for last Sunday, and Tony Gibson, the defensive coordinator at North Carolina State, less than an hour later. By Thursday, at least 25 Marshall players had entered the transfer portal. Gibson held a meeting shortly after arriving on campus in Huntington to introduce himself to the team. He followed that up with phone calls, text messages and more meetings Friday and Saturday. “Any time coaches leave to take other jobs, it is emotional,” Gibson said at a news conference Thursday. “And kids that are 18-to-22 years old are going to make emotional decisions instead of just breathing for a day or two.” It’s the first bowl for Louisiana Tech (5-7) since 2020. The Bulldogs have won two of their last three games, but they haven’t played since a 33-0 victory over Kennesaw State on Nov. 30. “We are excited to accept the opportunity to play in the Radiance Technologies Independence Bowl against a fantastic and storied program as Army,” Louisiana Tech athletic director Ryan Ivey said in a release. “I believe our football program is moving toward positive structure and the opportunity to play in this bowl adds to that momentum. We are looking forward to being in Shreveport for this matchup.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and The Associated PressWASHINGTON — A nearly two-year investigation by Democratic senators of Supreme Court ethics details more luxury travel by Justice Clarence Thomas and urges Congress to establish a way to enforce a new code of conduct. Any movement on the issue appears unlikely as Republicans prepare to take control of the Senate in January, underscoring the hurdles in imposing restrictions on a separate branch of government even as public confidence in the court has fallen to record lows. The 93-page report released Saturday by the Democratic majority of the Senate Judiciary Committee found additional travel taken in 2021 by Thomas but not reported on his annual financial disclosure form: a private jet flight to New York's Adirondacks in July and jet and yacht trip to New York City sponsored by billionaire Harlan Crow in October, one of more than two dozen times detailed in the report that Thomas took luxury travel and gifts from wealthy benefactors. The court adopted its first code of ethics in 2023, but it leaves compliance to each of the nine justices. "The highest court in the land can't have the lowest ethical standards," the committee chairman, Illinois Sen. Dick Durbin, said in a statement. He has long called for an enforceable code of ethics. Republicans protested the subpoenas authorized for Crow and others as part of the investigation. No Republicans signed on to the final report, and no formal report from them was expected. A spokesman for Crow said he voluntarily agreed to provide information for the investigation, which did not pinpoint any specific instances of undue influence. Crow said in a statement that Thomas and his wife Ginni had been unfairly maligned. "They are good and honorable people and no one should be treated this way," he said. Attorney Mark Paoletta, a longtime friend of Thomas who has been tapped for the incoming Trump administration, said the report was aimed at conservatives whose rulings Democrats disagreed with. "This entire investigation was never about 'ethics' but about trying to undermine the Supreme Court," Paoletta said in a statement posted on X. The court did not immediately respond to a request for comment. Thomas has said he was not required to disclose the trips that he and his wife took with Crow because the big donor is a close friend of the family and disclosure of that type of travel was not previously required. The new ethics code does explicitly require it, and Thomas has since gone back and reported some travel. The report traces back to Justice Antonin Scalia, saying he "established the practice" of accepting undisclosed gifts and hundreds of trips over his decades on the bench. The late Justice Ruth Bader Ginsberg and retired Justice Stephen Breyer also took subsided trips but disclosed them on their annual forms, it said. The investigation found that Thomas has accepted gifts and travel from wealthy benefactors worth more than $4.75 million by some estimates since his 1991 confirmation and failed to disclose much of it. "The number, value, and extravagance of the gifts accepted by Justice Thomas have no comparison in modern American history," according to the report. It also detailed a 2008 luxury trip to Alaska taken by Justice Samuel Alito. He has said he was exempted from disclosing the trip under previous ethical rules. Alito also declined calls to withdraw from cases involving Donald Trump or the Jan. 6, 2021, attack on the Capitol after flags associated with the riot were seen flying at two of Alito's homes. Alito has said the flags were raised by this wife. Thomas has ignored calls to step aside from cases involving Trump, too. Ginni Thomas supported Trump's efforts to overturn the 2020 presidential election that the Republican lost to Democrat Joe Biden. The report also pointed to scrutiny of Justice Sonia Sotomayor, who, aided by her staff, has advanced sales of her books through college visits over the past decade. Justices have also heard cases involving their book publishers, or involving companies in which justices owned stock. Biden has been the most prominent Democrat calling for a binding code of conduct. Justice Elena Kagan has publicly backed adopting an enforcement mechanism, though some ethics experts have said it could be legally tricky. Justice Neil Gorsuch recently cited the code when he recused himself from an environmental case. He had been facing calls to step aside because the outcome could stand to benefit a Colorado billionaire whom Gorsuch represented before becoming a judge. The report also calls for changes in the Judicial Conference, the federal courts' oversight body led by Chief Justice John Roberts, and further investigation by Congress. Copyright 2024 NPR
Summers went 8 of 11 from the field (6 for 9 from 3-point range) for the Sycamores (8-4, 2-0 Missouri Valley Conference). Markus Harding finished 6 of 7 from the field to add 13 points. Samage Teel shot 5 of 8 from the field and 2 of 4 from the free-throw line to finish with 12 points. The Eutectics were led in scoring by Ahian Barnett, who finished with 12 points. St. Louis Pharmacy also got 10 points from Moctar Keita. Bryant Odunayo also put up 10 points. Indiana State took the lead with 19:49 left in the first half and never looked back. Summers led their team in scoring with 14 points in the first half to help put them up 56-19 at the break. Indiana State pulled away with a 13-3 run in the second half to extend a 39-point lead to 49 points. Indiana State visits Ohio State in its next matchup on December 29. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.PH5 Pre-Fall 2025Managing overcapacity, environmental pressures and rising costs in shipping
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